Daily Archives: 30, June 2025

Škoda Begins Vietnamese Assembly of Kushaq in Partnership with Thanh Cong Group

(IN BRIEF) Škoda has launched local assembly and sales of the Kushaq in Vietnam, becoming the first Škoda model built in the country from CKD kits supplied from India. The new Thanh Cong Group joint-venture plant, opened in March 2025, … Read the full press release

Azimut and Eni Next Team Up on €100M ELTIF for Clean Tech Venture Investments

(IN BRIEF) Azimut Group and Eni Next will co-launch a €100 million ELTIF in September 2025 to invest in pioneering “clean tech” ventures, particularly U.S. startups scaling decarbonization, energy efficiency, sustainable mobility, and circular-economy solutions. The Luxembourg-based fund, operating under … Read the full press release

Roche Announces Retirement of pRED Head Hans Clevers and Communications Leader Barbara Schädler

(IN BRIEF) Roche has revealed that Dr. Hans Clevers, Head of Pharma Research and Early Development and board member since 2019, will retire from his pRED role at the end of August, though he will continue leading the Institute of … Read the full press release

EIB and CAF Forge Strategic Partnership to Mobilize Climate Finance in Latin America and the Caribbean

(IN BRIEF) The European Investment Bank and CAF Development Bank of Latin America and the Caribbean signed a memorandum of understanding in Seville, pledging to deepen their cooperation on high-impact projects across Latin America and the Caribbean. Formalized by EIB … Read the full press release

Equinor Uncovers 9–15 Million Barrels in Drivis Tubåen Well on Johan Castberg Field

(IN BRIEF) Equinor’s latest Barents Sea exploration well, Drivis Tubåen (7720/7-DD-1H), has uncovered 9–15 million barrels of oil within the Tubåen formation. Drilled as an offset from a production well by the Transocean Enabler, the discovery will be evaluated for … Read the full press release

Vodafone and AST SpaceMobile Launch SatCo in Luxembourg to Deliver Direct-to-Device Satellite Broadband

(IN BRIEF) Vodafone and AST SpaceMobile are launching SatCo, a Luxembourg-based joint venture to deliver space-based cellular broadband directly to unmodified smartphones across Europe. With interest from operators in 21 EU countries and commercial roll-out starting in 2026, SatCo will … Read the full press release

Deutsche Telekom Unveils T Cloud for Unified, Sovereign B2B Cloud Services

(IN BRIEF) On July 1, 2025, Deutsche Telekom will launch T Cloud, a unified cloud platform marketed jointly by Telekom Deutschland and T-Systems. Lars Neumann will head the initiative, managing sales and development of all public, private, and hybrid cloud … Read the full press release

Orange Business Launches Dedicated Defense & Security Division to Bolster National Sovereignty

(IN BRIEF) Orange Business has inaugurated a dedicated Defense & Security Division (DD&S) to strengthen its support of defense and homeland security entities in France and Europe. Formed under the “Lead the Future” plan, DD&S consolidates several hundred specialists to … Read the full press release

NEURA Robotics Selects GFT for Strategic AI Software Partnership

(IN BRIEF) GFT Technologies has been appointed strategic software partner to NEURA Robotics, a leader in cognitive robotics. Building on a successful proof-of-concept for a next-generation software platform, GFT will leverage its expertise in data, AI, and high-performance computing to … Read the full press release

Dürr AG Sells Environmental Technology Arm to Stellex, Boosts Automation Focus

(IN BRIEF) Dürr AG has agreed to sell its environmental technology business, Clean Technology Systems Environmental, to a Stellex Capital affiliate for an enterprise value of about €385 million, with net proceeds of roughly €250 million earmarked for debt reduction … Read the full press release

Schaeffler Integrates GPS Trackers into Smart Box System for Precision Bearing Logistics

(IN BRIEF) Schaeffler is piloting GPS-enabled smart boxes to improve visibility and environmental monitoring for large bearing shipments in the wind power sector. Building on its reusable Euro-pallet–sized boxes introduced in 2021, the company has equipped around 300 containers with … Read the full press release

Brenntag Partners with Wissensfabrik to Boost STEM Education Nationwide

(IN BRIEF) Brenntag has partnered with Wissensfabrik to back STEM education in German schools through financial aid and operational support for practical workshops and teaching materials. This collaboration, kicking off in 2025, enhances Brenntag’s ongoing educational initiatives and contributes to … Read the full press release

Mercedes-Benz eCitaro Surpasses 2,500 Deliveries with Expanded Battery and Fuel-Cell Options

(IN BRIEF) Since 2018, over 2,500 Mercedes-Benz eCitaro electric buses have been delivered from Mannheim, serving cities across Europe. The line now includes solo, compact, and articulated models with battery capacities up to 686 kWh, fuel-cell range-extenders, and an upcoming … Read the full press release

Jewson Opens Croydon “Branch of the Future” with Expanded SKU Range and Optimized Layout

(IN BRIEF) Jewson has launched a cutting-edge Croydon branch designed on STARK Group’s “branch of the future” model, featuring an expanded product range and an optimized floorplan for quick selection and availability checks. This addition cements STARK’s UK growth strategy, … Read the full press release

Logicor’s Race’n’Raise Pedals 300 km to Raise 40,000 PLN for Student Scholarships

(IN BRIEF) Logicor’s fourth “Race’n’Raise” cycling event raised over 40,000 PLN for the Roman Czernecki Educational Foundation’s Horizons Scholarship Program. The 300 km route spanned from Kazimierz Dolny to the Świętokrzyski National Park. Since its inception, the initiative has donated … Read the full press release

CVC DIF and Tabreed Partner to Buy PAL Cooling Holding in AED 3.8 Billion Deal

(IN BRIEF) CVC DIF and Tabreed are set to acquire PAL Cooling Holding from Multiply Group for about AED 3.8 billion, consolidating eight long-term district cooling concessions across Abu Dhabi’s main island and Al Reem Island. Five existing plants provide … Read the full press release

ORLEN Completes Transition to 100% Non-Russian Crude, Securing Regional Energy Independence

(IN BRIEF) As of 1 July 2025, the ORLEN Group has fully phased out Russian crude oil following the expiry of its last Rosneft contract, marking a key milestone in regional energy security. Under CEO Ireneusz Fąfara’s leadership, ORLEN’s refineries … Read the full press release

FUCHS Unifies Swiss Operations with Launch of FUCHS SWISS LUBRICANTS AG in Reiden

(IN BRIEF) FUCHS Group has launched FUCHS SWISS LUBRICANTS AG in Reiden by merging the recently acquired Swiss arm of LUBCON Group and STRUB & Co. AG. This new subsidiary consolidates research, manufacturing, and sales operations under one roof, strengthening … Read the full press release

CACEIS Bank Secures MiCA Authorization to Offer EU-Wide Crypto-Asset Services

(IN BRIEF) CACEIS Bank has been authorized by France’s ACPR, upon the AMF’s advice, to provide custody, administration, order reception and transmission, and transfer services for crypto-assets under MiCA Article 60. This approval activates EU-wide passporting, allowing CACEIS to roll … Read the full press release

Empa Wins Building Award 2025 for Carbon Negative Concrete Innovation

(IN BRIEF) Empa’s Concrete and Asphalt Lab won the Building Award 2025 for its groundbreaking CO₂-storing concrete, featuring biochar-based carbon pellets that replace traditional aggregates. This innovation can yield CO₂-neutral or CO₂-negative concrete without sacrificing performance. Empa is partnering with … Read the full press release